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The Schoolyard - Building C 11078 S State St 8,434 SF 100% Leased Retail Building Sandy, UT 84070 $7,560,303 CAD ($896.41 CAD/SF) 6.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term leases with annual rent increases throughout base terms and options
- 2023 build-to-suit construction
- The Schoolyard is one of Sandy’s premier recent retail developments
- High quality / strong demographic underlying real estate with major draws
- Replaceable market rents
- Ideally positioned adjacent to Costco and Scheels
EXECUTIVE SUMMARY
A five-tenant retail strip center with all tenants on long-term leases that feature rental increases throughout the base terms and options. The subject property is located in Sandy, UT – a fast growing Salt Lake City suburb which benefits from excellent residential demographics.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,434 SF
Building Class
B
Year Built
2023
Price
$7,560,303 CAD
Price Per SF
$896.41 CAD
Cap Rate
6.30%
NOI
$476,292 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.47 AC
Zoning
CBD - Central Business District
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-24-227-012-0000 | Improvements Assessment | $8,142,960 CAD |
| Land Assessment | $4,853,614 CAD | Total Assessment | $12,996,574 CAD |
PROPERTY TAXES
Parcel Number
27-24-227-012-0000
Land Assessment
$4,853,614 CAD
Improvements Assessment
$8,142,960 CAD
Total Assessment
$12,996,574 CAD
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The Schoolyard - Building C | 11078 S State St
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